China’s commerce minister has appealed to Washington to help revive trade but gave no indication when tariff war talks might resume or whether Beijing might offer concessions
BEIJING — China’s commerce minister appealed to Washington for “joint efforts” to revive trade but gave no indication Wednesday when tariff war talks might resume or whether Beijing might offer concessions.
“Cooperation is the only correct choice,” Wang Wentao said at a news conference.
Wang said he looked forward to “joint efforts” to “push bilateral economic and trade relations back to the track of cooperation.” He noted President Xi Jinping talked with Biden by phone on Feb. 11 but gave no indication when negotiations might resume.
Washington and Beijing have raised tariffs on billions of dollars of each other’s goods, disrupting global trade. They agreed last January to postpone further penalties but most taxes already imposed stayed in place.
China’s foreign trade situation is “severe and complicated,” Wang said. He said Beijing is launching e-commerce and other initiatives to encourage sales. One focus will be markets in its “Belt and Road Initiative” to build ports, railways and other trade-related infrastructure.